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a great night. we will see right back here tomorrow. ♪ lou: good evening, everybody. president obama opening new fronts today in his campaign for broad gun control, a campaign that gun owners and advocates consider an outright assault on the second amendment. we learned today, that president obama is considering taking action through the use of his power of executive order, and at least one governor may consider confiscating guns from citizens in his state. here is vice-president biden telling reporters that the obama administration is preparing for unilateral action on gun-control . >> going to act. executive order, executive action can be taken. we have not decided yet, but we are compilingwith the help of the attorney-general and all the rest of the cabinet members as well as legislative action we believe is required. lou: at the state level, new york governor andrew cuomo proposing what he calls the toughest assault weapon ban the nation. thdemocratic governor suggesting that the state government has the power to seize guns. infuriating gun owners and gun rights advocates when he
. president obama today moving @%ward a complete overhaul of his national security team. the president announcing that he is nominating former nebraska senator jack cable, a republican, to replace outgoing defense secretary leon panetta. the obama administration homeland security -- rather national security adviser nominated to become the next central intelligence agency director, taking of the poster designed by general david patraeus after his affair with his biographer was disclosed. appointments follow the president's december 21st nomination of senator john kerry to replace hillary clinton as the secretary of state. the president is considering a new job for ambassador to the united nations susan rice. may become the next national security advisor if all the appointments are confirmed. we will have carried out an almost total revamping of his national security team. >> confident that judge will be an outstanding secretary of defense and brennan will be an outstanding director of the central intelligence agency. may understand that we are only successful because of the folks up and
two weeks. we will be taking up the obama assault on the second amendment with his presidential power, by talking with trey gowdy and peter jensen. also tonight, a live report on big news out of washington. president obama officially nominating jack lew to head up the treasury department. shannon bream handles that for us. we will take an in-depth look at what has become an epidemic in this country. doctor robbie ludwig joins us on the psychology of what is a culture. what some call human graffiti. and secretary geithner not winning resounding support from republicans despite the fact that is budget director in the clinton administration, he presided over three straight balanced budgets. shannon bream has our report. reporter: >> i cannot think of a better person to continue then jack lew. reporter: president obama signaling plans to continue by nominating jack lew. he has handled a string of issues that has impacted the economy. >> he presided over three budget surpluses in a row. for all the talk out there about deficit reduction, making sure our books are balanced, he is a guy who
. the imperious obama presidency flat out refusing to negotiate with republicans on the national debt ceiling. the republicans led by speaker boehner are determined to take up debt and spending once again. this time he says the american people are on his side. the speaker today in the republican caucus meeting behind closed doors. bigger banner making it clear that the president's refusal to negotiate will not deter him or his party and the speaker said that the president said that he n't going to have a debate with us over the debt ceiling. he also sayshat he's not going to cut spending along with a debt limit hik. fiscal cliff behind us on the focus turns to spending. speaker boehner cited a new poll, shwing 72% of americans agree with him. but any increase in the debt lit must be accompanied by an equal amount in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader is saying that it may be necessary to par
glick. stuart: whatever you say, charles. president obama doesn't have a spending problem, still, scroll up on the prompter, they're slow this morning. still-- >> they're looking at the pictures, is a bikini thing. stuart: we've got to go, i'll tell you about the new debt ceiling date. stay right there. [ male announcer ] where do you turn for lel matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matte
's how much in spending cuts president obama and democrats are willing to give in the next round of debt talks. but wait, there's more. cash for clunkers, the grand plan to get the auto industry on track. it's not only bad for the economy, but hurt the environment as well. "varney & company" is about to begin. karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> good morning, "varney & company," viewers. today is monday, january 7th and gerard depardieu, well, he's welcomed to russia with open arms and here, we're going to welcome with you open arms, with sandra smith and on the floor of the new york stock exchange, of cou
is closer to an end. obama set in motion a reversal of policy to negotiate with terrorists. you heard correctly that includes talking to a group that is accused of aiding international terrorist. that was at a joint news conference today with a news conference with karzai. both are putting there support for the support role this spring and reconciliation talks with the television. >> ultimately security gains should be matched with political progress of real reconciliation progress with the afghan government and television. president karzai updated me on the road map to peace and we agreed the process we should open the television office to facilitate talks. >> but the readiness of the army is closed but they're showing that they're able to operate without the assistance of the u.s. and violence is higher than the surge from two years ago. also insider tax last year there were 45 attacks resulting in 62 deaths among the coalition forces compared to 65 the previous year. but the president did not answer how many will remain in afghanistan after next year. that announcement could take w
: good evening, everyone. the imperious obama presidency flat out refusing to negotiate with republicans on the national debt ceiling. the republicans led by speaker boehner are determined to take up debt and spending once again. this time he says the american people are on his side. the speaker today in the republican caucus meeting behind closed doors. bigger banner making it clear that the president's refusal to negotiate will not deter him or his party and the speaker said that the president said that he isn't going to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker boehner cited a new poll showing 72% of americans agree with him. but any increase in the debt limit must be accompanied by an equal amount in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat but a government shutd
. the headline out of these talks so far, president obama may take executive action, and step around congress and avoid the legislative process. but the the action isn't all just in d.c. the gun control debate is a national issue. just last night new york's governor cuomo called for his state to pass the toughest gun laws in the country. listen to this. >> new york state, led the way on guns once before. it was sullivan's law of 1911, which was the first in the nation gun control law, model law that required a permit for possession of a handgun. new york was the first, it's still on the books. new york led the way then, let's pass safe and fair legislation and lead the way once again in saving lives. stuart: now, that was pretty close to a standing ovation there for governor cuomo. vice-president biden's meeting with the n.r.a. this afternoon. starts at one o'clock eastern. now, in just a few minutes, libertarian john stossel joins our company and what does he think of president obama's plan where he may use executive order? find out after the opening bell. you may see a sports headline the s
. gerri: all right. well, the outcry has started almost immediately. why is it president obama chooses to go around congress and make his wishes known by edict? doesn't it seem like he overrides are elected representatives we too often? in truth, barack obama is not the biggest issuer of executive orders. take a look. president obama has 147. towards w. bush, 291, clinton, 364. granted, those were the course of two terms. again, reagan takes the prize. if you go back further, the biggest order of executive orders was, get this, harry truman, who between 1945 and 1953 issued 8906 executive orders. successfully challenged when he placed all steel mills in the country under federal control because he failed to act to further a law congress had already passed and instead is to his own policy. the supreme court invalidated the move which is so concerned about the idea of the president making lot about guns and gun ownership. we know obama has never been a fan of guns. remember his statement about people who cling to their guns and religion? that was not a compliment. it was an insult. the i
it as good news to get it out of the way. connell: it looks like president obama is really gearing up for a fight with republicans. dagen: rich edson joins us now from washington, d.c. with what the holdup would be. rich: president obama will nominate former republican senator from nebraska chuck hagel to lead the department at the pentagon. a number of republicans have had issues with hagel. he has reportedly erected talks with hamas, some say he is not pro- israel enough. it has a number of republicans lined up against him in opposition. >> he has long severed ties with the republican party. this is an in-your-face nomination by the president. i do not know what is management experience is regarding the pentagon. i think it is an incredibly controversial choice. rich: this sets up a big fight in the u.s. senate. this at a time when those automatic defense cuts have been delayed for two months and that fiscal cliff deal. there are major questions in washington on defense spending going forward. this is a pretty timely opponent or appointment for the president when you consider all th
outraged. next, joe biden meets with the n.r.a. at the white house and president obama's leading effort on gun control. it's unlikely that the n.r.a. is going to back down, here is wayne lapierre. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. stuart: he's not backing down from that stance. then we have new york governor andrew cuomo offering his views on guns in his state of the state message today. an assault weapons ban and tougher penalties with crimes committed with a gun. and on one side. ban some of them in the future. that's a division. what do you think of the latest gun developments? sound off on our facebook page. what would you like to see coming up at the n.r.a. meeting with the president at the white house? we'll read some of your comments on the air. there are reports that a japanese airline canceled a boeing dreamliner flight today. that would be the third 787 incident in three days. so, let's bring in nicole. any impact on the stock price this morning, pre-market? >>
to get loans. health care regulations, obama care is it adding a cost burden evewhere you look behind ery nook and cranny. environmental regulations that is killing small businesses. california farmers are ruined in the protection of the certain in60s and labor regulations and last year we saw the national labor regulation war against boing. it paralyzes n new hiring. >> rick, the president claims he speaks for small businesses. aren't they hard hit by these. >> actually, no. i was a maul businessman for a very long time . i got to tell you. i have the stame hastles and there is never regulations. let pee point this out. a lot of things are state base silly laws. but don't impact the economy . last year was an election year, we have a small number of regulations that are hitting us. >> you bring up an interesting point. emac, the's new list of regulations that are 77,000 pages was issued on the friday beforehristmas. trying to get buried in the holidays. >> it was released between april and october. these rules are going to cost the economy 128 billion . that is it one estimate out there.
-on-onh president obama. >> he said two times, and president would say let's do it like reagan and tip o'neill, they both brought good faith into it but we don't think that president is, if is politics. good faith did not happen, the speaker dead it is done. that is the best way for house to work. lou: it is a also request of many members of the house, before all of this transspired. the republicans speaker boehner got their tails kicked by the president, and the result is $4 trillion will be added to the national debt. you may have sent a bilge over, but what came back was $4 trillion morrow taxpayer back. this nonsense has to stop at some point. we're going to see the debt ceiling now present itself. are we going to see an ugly repetition was a debacle in 2011 that cost investors, the market cap number, but somewhere around a tri trillion dollars, we don't need any more of that. >> no, but at the end of the day there will be more fights, this is where we are as a nation. when you are 16.5 trillion in debt we'll have fights like this, i best compare it to a marriage that husband and wif
think. >> it must be the first loss for obama in the new year. gerri: thank you both for coming on tonight. we appreciate what you have to say so much. gerri: now we want to know what you think. are you worried about president obama tightening restrictions on guns? avant gerriwillis.com, vote on the right-hand side of the screen, we will share the results at the end of tonight's show. there's a lot more to come this hour, including new calls for an end to government cash handouts as welfare recipients are using their benefit cards at strip clubs and other x-rated establishments. and nancy pelosi says the latest tax deal in congress does not go far enough this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: yet another battle looming in washington. in a number of weeks, the u.s. is set to said they had a $16.4 trillion limit.
obama is doing with the extensions of s benefits and more benefits, and extra benefits and they don't make benefits hard, they should be hard, a counter react happens, they look for other alternatives, you make it easy then you have everyone on welfare. neil: like a normal rockwell community. >> this south ragous. neil: mayor happy new year. >> good luck. neil: rudy giuliani, they just hit the limit on ways around the debt lit, one of the most powerful players in congress is powerful players in congress is [ roasting rewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, ca the number that appears on your screen.
be the first loss for obama in the new year. gerri: thank you both for cing on tonight. we appreciate what you have to say so much. gerri: now we want t know what you think. are you worried about president obama tightening restrictions on gs? avant gerriwillis.com, vote on the right-hand side of the screen, we will share the results at the end of tonight's show. there's a lot more to come this hour, including new calls for an end to government cash handouts as welfare recipients are using their benefit cards at strip clubs and other x-rated establishments. and nancy pelosi says the latest tax deal in congress does not go far enough [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. gerri: yet another battl
, then became part of federal law, a lot of them are undercut by what obama is doing with the extensions of s benefits and more benefits, and extra benefits and they don't make benefits hard, they should be hard, a counter react happens, they look for other alternatives, you make it easy then you have everyone on welfare. neil: like a normal rockwell community. >> this south ragous. neil: mayor happy new year. >> good luck. neil: rudy giuliani, they just hit the limit on ways around the debt limit, one of the most powerful players in congress is seeming to raise it, and congress cannot do a darn thing about it, this is amazing. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with e capital one vente card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboardsn't lie. what's in your wallet? hut! i have me on my fantasy team. neil: nancy playing fast and loose with history, and maybe the
concerned about the transparency that because. obama is worst in bushes they said was the worst ever or come out right and say obama is the worst ever. the obama administration. john: he has rejected more freedom of information act requests than bush. >> also prosecuted more whistle-blowers including as by simply because they blew the whistle on software boondoggles and someone. obama is the worst threat comes to transparency ever. we know from their behavior is their hiding things that desperately don't want us to seek. now, -- john: maybe you're a busy body, the political enemy in the dow what you'd have this stuff. i don't blame them. >> i'm paying for the microphone. i didn't ask whether they wanted me to see it. these in my records unless the burden is on them and they can provide can't. what they're doing is telling us things that aren't true, finding it increasingly according to their e-mails. john: the e-mails told us about solyndra and the people who gave money who were getting it back. >> you wanted it, needed it, they don't want us to see what's going on until a carbon tax is enac
a so-called war on women. it worked, so why do females make considerably less than men in the obama administration? and where are the women on the white house staff? look at that picture. we have a new all-female company at the top of the hour. they're going to weigh in on that one, it will be new at 10. nicole, what's this about lululemon losing today? >> that's right. downgraded over at credit suisse this morning. and you're seeing lululemon down about 4 1/2%. however, we should note, this is a company that has had quite a run over the last 52 weeks, up about 45%, but they are getting a downgrade over at credit suisse today. so not good news for this retailer and they have their own retail shops and they sell those great yoga pants you know that i'm a big fan and so much more. stuart: you should have seen the presents that were unwrapped in my household when i got four daughters on christmas morning. >> with their lululemon in there? >> i believe there was a couple there. >> oh, good stuff. and it has the holes for the thumbs that feel great, put them on and ready for a nice worko
's day present for taxpayers. the details, and president obama getting his second term administration in order to weeks before inauguration day. i will break down by one of his picks has me asking a lots and lots of questions. ♪ many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. ♪ gerri: congress strikes again, my friends. the irs says the fiscal cliff and the late jack -- text changes that followed means a delay for most taxpayers to file their 2012 returns. the agency said 80 percent of all filers should be able to start filing on january 30th. that's more than one week later tha
they are interested in, that is what obama white house wants. neil: i don't see the same thing with democrats, a greater deal with wars in middle east and iraq to question every penny, and every piece of waste which is fine. the question is money is spent, and whether it goes to wrong tank at wrong time to wrong regiment is fine, but you have to be level and fair about it you have to look after abuse and waste wherever it goes. and god fe forbid in a $6 billin package how they came up with that sum for the area, is beyond me, but you have to say, where are you spinning this money, heaven fore gid you discover that is -- forbid you disconservative it is going to places and events and low qualities not even remotely affected by sandy. >> a nice civics textbook idea that news media would look into a bill and see what is it in, and tell us what is it in. and ask if it is too much, and how much is paid by private insurance, but they are not doing it again we have a very littlpoliticize news media, thee not looking at facts. you have somebody like congressman peter king who condition scare off a ca
am lori rothman. president obama bought t but tos picks for treasury secretary. plus, what the nominations mean for the market. melissa: and good news for the gas market. lori: if you build it, the jobs will come. creating jobs in the small town, we're pleased to have the mayor join us with his story in minutes. melissa: very cool. lori: time for a market check. let's head down to the floor the new york stock exchange, giving back earlier gains. nicole: that is true. we have been pushed around a little bit, even moved into negative territory but the move to the upside and getting some of the moves to the upside with the gains we are seeing, dow jones industrials up 34 points, the bank stocks are looking little better and that is one of the reasons we have had the turnaround. drug stocks doing good. the dollar continues to drop. as the dollar is dropping that gives room for the commodities and equities to move higher. i wanted to take a look at a name that is making news and that is molly corporation. rare earth is something that has the demand they have seen is dwindling pa
responsibility. melissa: barack obama's first title -- when he came into office, he said no longer will we kick the can down the road. we will have this very serious process. continuing resolutions and that is where we get all of these tactics under goodies. it is a terrible process. melissa: is in a matter of a difference between revenues and outlays? >> you start by just having a budget. melissa: do they have to balance or do you just need a plan of some type? >> i would love to have them balance. they are terrified of saying what they want to cut. even if you believe that federal spending at a minimum has to be $3.7 trillion, which both sides believe, i do not. you will have to make tough choices because medicare and social security are swallowing up larger portions of the budget. you have to have a public thorough process about what else you will squeeze, cut and trim. melissa: why would they ever do it again. it seems like there is only downside. >> they have to pay the political penalty. it takes politicians who actually have the courage to say, yes, we will cut this. we do not need this
to you. connell: more to come on that breaking news. rich live at the white house. dagen: president obama will nominate his chief of staff jack lew as the next treasury secretary a little more than two hours from now. connell: joining us now is from the "wall street journal." >> he will be directing economic policy for the president and he's a long-time washington insider. he worked for tip o'neil. he worked for bill clinton. he's worked on the budget for president obama. [talking over each other] >> there is a revolving door there. he did go in 09 and he came out with a lot of money despite the fact that citi bank was limping along and had to be helped out by the government. dagen: when he worked just as one example in the clinton administration he was considered reasonable but not now. why? >> i think the big part of it is how he performed when he worked for president obama in the first term. but it's also i think most people expect him to be very much like an alter ego of the president. he subscribes to the ideas that the president has, that the big problem in this country is not how t
of the best, 1351, best days of maybe president obama's career because look it. like you said in the intro, why do we keep racking it up? because the money keeps flowing in. you always have a taxpayer seems to be bottomless. so yeah you keep spending their money unlike if you're a household. here's the thing. mark brought up an interesting point. what are we debating about? i harken back to days of watching tv on my parents floor and seeing the brady kids come to an agreement how they wanted to spend this money they won in this contest. what you do, you put together a list. sounds crazy but you might like this as "little house on the prairie" girl. we remember it. you put together list each side wants. take a tit-for-tat. come to agreement on spending cut but only if there is tax cut. you go through the list and figure out how you parse those things together so at least something gets done. melissa: i love that idea. i will ask everybody to put something forward what they want to do. i will go first in the spirit of getting something done. i wouldn't mind getting rid of commerce department
you. melissa: president obama reaching across party lines and nominating former republican senator chuck hagel as secretary of defense. the decision facing resistance from both sides. lou dobbs makes sense of that all that coming up next. lori: let's look at interest rates. 10-year below 2%. that is important. 1.90%. we have a selloff in the equities markets. that's why we're not seeing too much of a gain. back with more after this ♪ [ indistinct shouting ] male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ instinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ melissa: here is your fox business brief. it is a tough day for the markets ahead of the start of earnings season which unofficially starts tomorrow. after the closing bell with aluminum giant calico's results. google executive chairman eric schmidt arriving in north korea today on a mission with former new mexico governor bill richardson. the state department says the trip is poorly planned aft
, that president obama will use this as a opportunity to politicize the solution, however, i do not believe that that solution will actually solve the problem at hand. and that's my concern for this. stuart: okay. i've got to move on because it's a great debate to have and it's very poignant at this moment, obviously. but i want to bring up the subject of treasury secretary designate, nominee, that would be, jack lew, a lot of fanfare and applause and most likely gets confirmed, that's an opinion. i say, let's start with you, carol, on this one, i say it makes absolutely no difference to president obama's economic policy. which is tax the rich, do not cut spending and ignore the debt. first to you, carol. >> i think that's right. obviously, jack lew has been president obama's right-hand man and one of the reasons put out for his nomination is that he understands the mechanics of budgets. however, if we look back at the budgets over the past, whether it be four years, decade or even further, there hasn't been a balanced budget, so whether he understands the mechanics or not, it's still not s
and the end of the second amendment? we take that up next. >> president obama's second term cabinet rounding into shape, treasury secretary geithner is next up. he should be his replacement? ubs chief economist tells us. we will be talking markets and the economy. the president puts vice-president in charge of rounding up guns. the comprehensive gun control mean controlling all guns? the "a-team" with this next. ♪ the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. chess ♪ lou: the obama administration push for more gun control intensifying. the washington post reports the administration looking to go well beyond the simple reinstatement of the inspired ban on assault weapons and i capacity ammunition. vice-president biden task
the real problem, which is spending. president obama wants to protect middlthe middle class from highr taxes. the ways to protect them from bigger government because the middle class has to pay for g government and we are running huge deficits the federal reserve creates all kinds of inflation to monetize those deficits and that it attacked an average americans to the price of food go up, gasoline go up, prices are rising because of big governmentnd inflation used to finance it. melissa: what about a carbon tax? th sounds like big companies and looters and people using carbon will be the ones to pay the tax that would impt all of us. what impact would it have on the average person and what about the economy? >> what peter was ying was absolutely right. you can ok at the taxes individually and you can say some of them would be a good idea. a vat or carbon tax on their own bases could be a good tax. it is a pile on top of others, there is a problem. why is a carbon tax potentially a good tax becaus of externalities. carbon imposes a lot of cost of other ople, and instead of indirect taxe
has the technology and services to help you solve it. for. melissa: president obama has been meeting with afghan president today at the white house. the two are scheduled to hold a news conference soon. richard@is that the white house with the latest. >> the two have released a statement. much of the meetings in washington have been about u.s. troop levels after 2014. that is when the nato agreement ends. items that basically still need to be ironed out. the press conference begins in about five minutes from now. we expect a couple of questions from both of the president. we imagine questions on the relationship between the u.s. and afghanistan. melissa: there is also big news out of the white house that is getting attention. vice president biden meeting with people in video games. rich: all of the white house is interested in infringing on second amendment rights. some of the entertainment industry was here yesterday. this is all on that effort. the vice president says he will deliver his report on tuesday about gun violence. the vice president did say that background checks seem to
want a trillion dollars in additional debt ceiling because that is the rate at which obama is running up deficits. you choose. we did this in 2011. the president gave up $2.5 trillion. give me your prediction. are you confident to say that there will be no more tax increases? >> yes. you cannot raise taxes now that we have gone past this stupid fiscal cliff. you cannot do that without the republican house of representatives voting yes. without the democrat senate voting yes. none of them want their fingerprints on obama's tax increases. they will be in the witness protection program. the republicans will cheerfully vote no. i do not even be in the room when you allow a tax increase to happen. they were voting against. you have a very very angry republican party in the house. it is about time. we need it. connell: thank you for coming on. grover norquist. the huge loss of life in syria. there seems to be little hope to ending the fighting. these numbers are just awful. then the reelection and the markets. history does not favor investors. fdr reelected three times. what is happening no
president obama will nominate white house chief of staff tomorrow as the new treasury secretary. dennis: rich edson joining us now from inside the beltway has the latest. >> we have reported announcement coming this week. meeting at the white house friday, no events planned for this afternoon leaves tomorrow is most likely for the official announcement. a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of fin
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